TPG Next is TPG’s seeding and anchoring platform for emerging alternative asset managers, including private equity and venture capital managers. It provides seed or anchor capital to fund managers rather than company-level startup rounds, making it most relevant to emerging managers raising institutional capital. The platform is associated with TPG’s broader global alternative investing footprint across North America, Europe, Asia, the Middle East and Australia, with sector exposure including enterprise software, healthtech, internet and digital media, consumer, finance and real estate.